What's new in U.S. stocks?
Nothing. The catalyst that set the market off Thursday, Dec. 2018, was the threat of a government shutdown.
The Dow Jones Industrial Average fell more than 500 points on fears of a shut down.
Investors, remember this:
The U.S. stock market only falls about 0.4% during the time that a shutdown is effective since 1980, according to LPL Financial. You never want to say this market is oversold, as it just keeps getting hammered, but if there's reason for optimism on Thursday alone, it's all in the data from LPL. Many are now bracing for a bear market, which has already started, should there be one.
Meanwhile, RealMoney's Kevin Curran told the world about Tilray Inc.'s (TLRY) - Get Report partnership with Anheuser Busch Inbev NV (BUD) - Get Report . Tilray rose more than 10% on the day as a result of the partnership.
It's clear now. cannabis is in high demand, and beverage makers and even tobacco sellers are getting in on the act. But who hasn't gotten in on the action yet? Curran tells.